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        Case ID :
        Insolvency and Bankruptcy

        CIRP - Rejection of impleadment - allottees of “Amadeus” a real e...

        Court Upholds Homebuyers' Right to Be Heard in 'Amadeus' Project Impleadment Case, Despite Rejection by Interim Resolution Professional.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                CIRP - Rejection of impleadment - allottees of “Amadeus” a real estate project being developed by the Corporate Debtor - The Financial Creditors in a class, who at present consist of 99.85% of CoC, have every right to be heard in the Applications filed by Respondent No. 2 and 3 whose claim has been partly and fully rejected, respectively by the IRP - It cannot be said that since the Authorised Representative has not came up before the Adjudicating Authority for filing the impleadment application, the Appellants who themselves are Homebuyers have no right to participate in the adjudication initiated by filing applications by Respondent No. 2 and 3. - AT
                                Note: It is a system-generated summary and is for quick reference only.
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